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Making profit as a used car dealer in the bay area
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Transcript of Making profit as a used car dealer in the bay area
Don’t let these great opportunities pass you by! To get signed up at NO UPFRONT
COSTS visit www.carcashauction.com/dealer_signup. Our trained staff is waiting to
show you LIVE INVENTORY at 1-855-227-2274.
Making profit as a used car dealer in the Bay Area
Welcome to Dealerdirect, USA,
We are looking to partner with you and your business. The simple truth is that we
can consistently hook you up with cars at auction prices or lower with no
obligation, subscription or upfront fees so you can focus on moving your
inventory. If this is something you are interested in, by all means, please continue
reading.
In this newsletter, I want to briefly explain to you three overlooked most profitable factors
in car trading.
Simplifying car buying for car dealers
Life is pretty complicated, but buying cars can be simple. Obviously, there are many
factors that one could consider (timing, market, holding costs, location, target
demographic, etc.), but there are three main factors that outweigh all others. The first is
selling price. Almost every experienced used car dealer or car trader I come into contact
with can be told the basic information of any running car (make, model, mileage, exterior
/ interior condition), and they can tell me within a couple of hundred dollars of what that
car will sell for on their lot. Of course there are retail guides like MMR and Kar Power,
but we all know that these are guides none-the-less. Since half of a dealer’s
responsibility in regards to making a profit involves making good buys, a car dealer has
to sift through and assess the value of hundreds, if not thousands of cars each week.
This requirement naturally develops a junk car buyer savvy to quickly understand what
the selling price of any car truly is.
Making high profit on used cars at auction
The second main factor in buying cars is purchase price. This may sound obvious, but
bear with me for a moment while I challenge the status quo. Some dealer’s think it is
most profitable for their business to buy cars consistently considerably less than
standard auction prices. They search, hunt, grind, and bid until they can purchase a car
Don’t let these great opportunities pass you by! To get signed up at NO UPFRONT
COSTS visit www.carcashauction.com/dealer_signup. Our trained staff is waiting to
show you LIVE INVENTORY at 1-855-227-2274.
at an unbelievably low price. They then brag to their friends and associates of how low
the car was purchased. Although this may seem like a solid business strategy, buying
low is not the only profitable factor in car trading.
Moving used cars
The third and often overlooked and offsetting factor when considering purchase price
and overall profit, is a dealer’s overall ability to move inventory. For example, it would be
more profitable for a dealer to purchase and move 50 cars in a month at an average
profit of $700 each, than 20 cars at an average profit of $1,200 a piece. Just think about
it: every junk car dealer has a finite amount of energy and focus. The most profitable
dealers understand the value in focusing time & energy on moving cars versus the
almighty-low purchase price.
The conclusion and summary tips, as promised, are simple:
1. Assess the value of cars quickly.
2. Purchase cars at reasonable auction prices.
3. Focus energy on moving inventory.
These three patterns will not only make you a more profitable business, but will allow
you to have peace knowing that your efforts are being maximized in their efficiency.
Don’t let these great opportunities pass you by! To get signed up at NO UPFRONT
COSTS visit www.carcashauction.com/dealer_signup. Our trained staff is waiting
to show you LIVE INVENTORY at 1-855-227-2274.